Netflix Reaches 30M Members; Hastings Says Thank You On Facebook

Netflix 7 How to Hacks

Netflix, Inc. (NASDAQ:NFLX) announced that the number of subscribers for its TV and movie streaming service reached 30 million worldwide. Netflix has more than 25 million customers in the United States, which means the company added nearly 5 million members outside the country.

Netflix Reaches 30M Members; Hastings Says Thank You On Facebook

The company’s TV and movie streaming service are available in 51 countries globally. The Netflix, Inc. (NASDAQ:NFLX) watch instantly service is now available in Latin America and European countries.  The company’s most recent expansions were in Sweden, Norway, Denmark, and Finland.

Reed Hastings and Marc Randolph co-founded Netflix, Inc. (NASDAQ:NFLX) in 1997. Their objective is to offer online movie rentals. They started offering the DVD by mail service in the United States. By 2009, the company reached its 10 million members goal. The number of subscribers increased rapidly, as the company introduced its streaming video service. In 2010, the company reached 20 million members in the United States and Canada.

During its earnings conference call, earlier this week, Netflix, Inc. (NASDAQ:NFLX) said it had approximately 29 million members. The company added 5 million members in the United States in 2012. Netflix reported to investors that its business is gaining momentum overseas.

Netflix, Inc. (NASDAQ:NFLX) posted $905 million revenue and 13 cents earnings per share in the third quarter this year.

In his Facebook Inc (NASDAQ:FB) account, Reed Hastings, co-founder and chief executive officer of Netflix wrote:

Thank you, thank you, thank you.

Thirty million of you are now Netflix, Inc. (NASDAQ:NFLX) streaming members.

I’d like to express my gratitude to each of you. Your choice to be a Netflix, Inc. (NASDAQ:NFLX) member helps us get more content every year, and helps us further improve our member experience. You make it possible for us to offer the most amazing Internet television experience ever. Thank you, again.

Earlier this month, Reed Hastings decided to give up his seat on the board of directors of Microsoft (NASDAQ:MSFT) to concentrate on Netflix and work on education. Hastings served as a lead independent director for Microsoft for 5 years.

Hastings continues to serve as a member of the board of directors for several organizations, including the California Charter Schools Association, Dreambox Learning, the Knowledge Is Power Program, Facebook Inc (NASDAQ:FB), and Netflix.

Meanwhile, during the value investing congress, prominent hedge fund manager Whitney Tilson said that Netflix, Inc. (NASDAQ:NFLX)’s global prospects were encouraging. According to him, the company has potential for strong global growth. He said, “It has a light business model and can tap the large international markets.”

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Marie Cabural
Marie received her Bachelors Degree in Mass Communication from New Era University. She is a former news writer and program producer for Nation Broadcasting Corporation (NBC-DZAR 1026), a nationwide AM radio station. She was also involved in events management. Marie was also a former Young Ambassador of Goodwill during the 26th Ship for Southeast Asian Youth Program (SSEAYP). She loves to read, travel and take photographs. She considers gardening a therapy.

Be the first to comment on "Netflix Reaches 30M Members; Hastings Says Thank You On Facebook"

Leave a comment

Your email address will not be published.